Newbie here with point question

[ctc917]

So I was just reading a thread in reference to points and I was wondering if I just purchased 100 points at AKV with a Dec uy and I received the extra 100 points which I have banked, are those Dec 08 points? and does that mean I have to use them by Dec 10 or lose them? And if I don't want to use my Dec 09 points I have until July 10 to bank those, right and when do they expire? I thought I had all this down now I'm getting so confused.

I have one more question is there any reason why I should wait until July 10 to bank my points if I think I will not use them? Is it easier to make reservations and cancellations with points that haven't been banked? or do banked and non banked points work the same way when you have to cancel reservations.

ctc917

 

[jnsolomon]

So I was just reading a thread in reference to points and I was wondering if I just purchased 100 points at AKV with a Dec uy and I received the extra 100 points which I have banked, are those Dec 08 points? and does that mean I have to use them by Dec 10 or lose them? And if I don't want to use my Dec 09 points I have until July 10 to bank those, right and when do they expire? I thought I had all this down now I'm getting so confused.

I have one more question is there any reason why I should wait until July 10 to bank my points if I think I will not use them? Is it easier to make reservations and cancellations with points that haven't been banked? or do banked and non banked points work the same way when you have to cancel reservations.

ctc917

If you got the extra points, they would be 2008 points that are banked into 2009 and would need to be used by November 30, 2010.

You have until July, 2010 to bank your 2009 points. If you did bank them, they would expire November 30, 2011.

You can bank your points anytime within the first 8 months of your use year. There is no difference if you do it in January or July for example. The only drawback to doing it early in the use year is that you can't change your mind and "un-bank" them.

Banked and non-banked points work exactly the same way for making reservations. Banked and non-banked points also have mostly the same rules in the event of a cancellation, except that non-banked points could be banked into the next year provided you were still within the first 8 months of the use year. Points that were previously banked would need to be used by the end of the use year they were banked into.

I hope I answered all your question and good luck.

 

[5forDiz]

You are beyond the banking deadline for December 2008 Use Year points - - that deadline was July 31 2009. However, if you are direct purchasing these points from Disney they may allow you to bank them into Dec 2009 Use Year which, as the previous poster states, will make them usable from
12/1/2009 - 11/30/2010.

Also, if you plan to purchase these points directly from Disney then you would not get December 2008 Use Year points if you purchased after Monday November 30th. Because as of Tuesday December 1 they will only issue you 2009 Use Year points.

 

[ctc917]

So if I bank my Dec 09 points in Jan 10 I then can't change my mind and try to use them in 2010 I have to wait until the next year?


ctc917

 

[5forDiz]

So if I bank my Dec 09 points in Jan 10 I then can't change my mind and try to use them in 2010 I have to wait until the next year?


ctc917

Correct. By banking in January 2010 you are moving those Dec 2009 points out of your 2009 UY
( 2009 UY runs 12/1/2009 - 11/30/2010 ) and placing them into your 2010 UY which is
12/1/2010 - 11/30/2011 and then this is the time frame during which you would need to use those banked 2009 UY points. If you are unsure whether or not you want to bank it is better to wait until closer to your banking deadline (July 31 2010) because once banked points cannot be unbanked and brought back to their original Use Year; same thing with borrowing points - - they can't be 'put back' so to speak into the UY they were borrowed from.

 

[Sandisw]

So if I bank my Dec 09 points in Jan 10 I then can't change my mind and try to use them in 2010 I have to wait until the next year?


ctc917

Right, once you bank, they can not be "unbanked". So, banked 2009 points, would only be good from Dec 1st, 2010 through November 30th, 2011.

However, if you bank the points and then you want to go sometime in your 2009 UY (Dec. 1st, 2009 - November 30th, 2010), you could "borrow" the 2010 UY points back into the 2009 UY and travel. The only drawback to this is that borrowed points can't be returned.

So, if you make a reservation with borrowed points and cancel, they remain in the UY they are borrowed into and would expire at the end of that UY.